Action Packaging and Signature Flexible Packaging Acquire Techflex Packaging; Rebrand as DazPak Flexible Packaging

H.I.G. Capital Makes Growth Investments in Action Packaging and Signature Flexible Packaging

January 5, 2021

Packaging

H.I.G. Capital (through an affiliate) completed simultaneous growth investments in Action Point, Inc. (Action Packaging) and Signature Flexible Packaging, Inc., and the two businesses will combine to form a full-service flexible packaging provider. The combined company operates three facilities in Carson, City of Industry and Commerce, California, serving small-to-medium consumer packaged goods customers; H.I.G. will partner with management to support organic growth and consolidation M&A activity.

Dazpak (H.I.G. Capital Portfolio) Acquires Atlapac Corporation and Polymer Packaging's Inno-lok Division

August 2, 2022

Packaging

Dazpak Flexible Packaging, an H.I.G. Capital portfolio company, has completed add-on acquisitions of Atlapac Corporation (Columbus, Ohio) and the Inno-lok division of Polymer Packaging (Massillon, Ohio). The deals expand Dazpak's flexible packaging footprint into the Midwest, broaden its product offering (including INNO-LOK reclosable pouches), and increase the combined company's customer reach across food & beverage, homecare and healthcare end markets.

Flexpak, LLC Acquires ACE Packaging of AZ

July 11, 2022

Packaging

Flexpak, LLC, a Shorehill Capital portfolio company, completed the acquisition of ACE Packaging of AZ on July 1, 2022. ACE, a Phoenix-based value-added distributor of corrugated boxes, stretch film, foam and polybags, will continue operating with former owners Mark Lundberg and Kevin Aldridge in ongoing roles as Flexpak expands its geographic presence into Arizona.

Signature Action Packaging Acquires Chromatic Productions, Inc.

July 22, 2021

Packaging

Signature Action Packaging (SAP), a flexible-packaging platform backed by H.I.G. Capital, has acquired Irvine-based Chromatic Productions, Inc. SAP appointed John Attayek as CEO and said the deal expands its West Coast capabilities in flexible packaging, shrink sleeves and pressure-sensitive labels, strengthening its product offering for food, beverage, nutraceutical and cosmetic customers. The transaction brings Chromatic’s team and regional production capabilities into SAP to provide greater scale and a fuller service set to customers.

Vonco Products Acquires Flex-Pak Packaging Products

January 13, 2022

Manufacturing

Vonco Products LLC acquired Flex-Pak Packaging Products, Inc., a Batavia, Illinois-based specialist in flexible barrier packaging and sterile DuPont Tyvek pouches. The acquisition, which closed December 31, 2021, expands Vonco's contract manufacturing capabilities for healthcare and consumer markets by adding sterile barrier pouch expertise and complementary packaging services.

Blue Sea Capital Leads Recapitalization of Innovative FlexPak

January 23, 2020

Manufacturing

Blue Sea Capital, alongside Twin Bridge Capital Partners, GoldPoint Partners and founder Travis Parry, completed a recapitalization of Innovative FlexPak (now referenced as Innovative Labs) to position the company for growth. Headquartered in Springville, Utah, Innovative FlexPak is a contract manufacturer and formulator of single‑serve and multi‑dose ingestible health and wellness products with over 350 employees; the deal funds organic expansion and potential add‑on acquisitions while management retains a significant ownership stake.